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GREAT LAKES ANNOUNCES DIVIDEND INCREASE

 GREAT LAKES ANNOUNCES DIVIDEND INCREASE
 WEST LAFAYETTE, Ind., Sept. 10 /PRNewswire/ -- Emerson Kampen,


chairman, presid the company's regular quarterly dividend from $.075 to $.08 per share payable on Nov. 3, 1992, to the holders of record of the common stock of the corporation on Oct. 1, 1992. This marks the second increase in the last 12 months and raises the current indicated dividend rate of $.32 by 23 percent from the $.26 paid in 1991.
 The company recently reported record earnings and record revenues for the first six months of 1992. During that period, net income increased to an all-time high of $111,812,000, or $1.57 per share, up 42 percent from the first half of 1991. Revenues of $743,300,000 represent a 9 percent increase from the same period one year ago.
 Great Lakes Chemical Corporation, a Fortune 500 company, is the world's leading producer of bromine, brominated chemicals and furfural derivatives for such applications as flame retardants, agriculture, oil and gas well completion fluids, water sanitizers and other specialty applications. The stock of the company is traded on the New York Stock Exchange.
 -0- 9/10/92
 /CONTACT: David R. Bouchard or Gregory J. Griffith, both of Great Lakes Chemical Corporation, 317-497-6100/
 (GLK) CO: Great Lakes Chemical Corporation ST: Indiana IN: CHM SU: DIV


BM -- CL005 -- 7920 09/10/92 10:31 EDT
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Publication:PR Newswire
Date:Sep 10, 1992
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